Critical Minerals Group (ASX:CMG) Cash, Cash Equivalents, Marketable Securities : A$0.97 Mil (As of Dec. 2023)

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What is Critical Minerals Group Cash, Cash Equivalents, Marketable Securities?

Critical Minerals Group's quarterly cash, cash equivalents, marketable securities declined from Dec. 2022 (A$3.70 Mil) to Jun. 2023 (A$2.71 Mil) but then stayed the same from Jun. 2023 (A$2.71 Mil) to Dec. 2023 (A$0.97 Mil).

Critical Minerals Group's annual cash, cash equivalents, marketable securities increased from . 20 (A$0.00 Mil) to Jun. 2022 (A$0.05 Mil) and increased from Jun. 2022 (A$0.05 Mil) to Jun. 2023 (A$2.71 Mil).

Critical Minerals Group Cash, Cash Equivalents, Marketable Securities Historical Data

The historical data trend for Critical Minerals Group's Cash, Cash Equivalents, Marketable Securities can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Critical Minerals Group Cash, Cash Equivalents, Marketable Securities Chart

Critical Minerals Group Annual Data

Trend

Jun22

Jun23

Cash, Cash Equivalents, Marketable Securities

0.05

2.71

Critical Minerals Group Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23
Cash, Cash Equivalents, Marketable Securities	4.66	3.70	2.71	0.97

Critical Minerals Group Cash, Cash Equivalents, Marketable Securities Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.

Marketable Securities are very liquid securities that can be converted into cash quickly at a reasonable price.

Critical Minerals Group (ASX:CMG) Cash, Cash Equivalents, Marketable Securities Explanation

Marketable securities are very liquid as they tend to have maturities of less than one year. Furthermore, the rate at which these securities can be bought or sold has little effect on their prices.

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.

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Critical Minerals Group (ASX:CMG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Critical Minerals Group Ltd (ASX:CMG) » Definitions » Cash, Cash Equivalents, Marketable Securities

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Eagle Street, Level 4, Gold Tower, Brisbane, QLD, AUS, 4000

Website

https://www.criticalmineralsgroup.com.au

Critical Minerals Group Ltd is a mineral exploration company seeking to explore and develop prospective critical minerals projects. It holds interest in Lindfield Project, Figtree Creek Project, and Lorena Surrounds Project. The Group is into one operating segment, mining and exploration operations Geographically, it operates in Australia.